Corcel plc completed the acquisition of its 90% interest in Atlas Petroleum Exploration Worldwide Ltd with assets in the Kwanza basin, onshore Angola. INVESTOR The company last week signed the risk service contracts for blocks KON-11, KON-12 and KON-16 and other conditions precedent are also satisfied. The issue of shares for the transaction, announced in May […]
Tag: Kwanza basin – onshore Angola
Corcel to appoint vendors of Kwanza assets to the board
Corcel plc has appointed Scott Gilbert to the board as a non-executive, subject to regulatory checks. Mr Gilbert is one of the vendors of the Kwanza Basin assets in Angola acquired this week by the company. He has a long track record in the oil and gas sector with significant experience in Angola and Brazil. […]
Corcel acquires first oil-gas project
Corcel plc has acquired its first oil and gas asset via a shares transaction for 90% ownership of Atlas Petroleum Exploration Worldwide Ltd (Apex) operating in the Kwanza Basin, onshore Angola. RESOURCE The acquisition also sees executive chairman James Parsons return to familiar commodities, having started his career in oil and gas with Royal Dutch Shell […]